TA can not predict the future, it can define what is occuring at a point in time, obviosly none of those tools could predict the future anybetter then a psychic. At this moment I am tracking the russel which has appeared to be outperforming the broader markets. It is nowhere near testing old lows and is in an uptrend. It is very hard for me to buy a market meltdown with RUT.X being as boyant as it is. As for the broader averages, I believe Technichally they are very sick. However at some point the selling will end, My TA will alert me to buy at that point. I do not trade on momentum, but do believe that market crashes occur due to events IE wars, currency devaluations, Oil embargos, Tarrif wars etc. Unless on outside event occurs I do not believe a Big Kahuna crash will take place. Do I believe the market can drift lower for 18 months, absolutly, will it? Who the hell knows. I am trading in a market which is impossible to be a long term holder in. As for your beligerence to anyone who disagrees with you, that is quite Silly. If I wanted to make an argument using TA to show the market is going up I could just as easily prove it. Its just a chart, which can be interpreted in 10 different ways. The reason I believe the market is going down in the short term is due tto complancy exemplified by Money in Artkos VS ryder, VIX and put call ratio. However those things can change in a flash and I monitor them dailey. the survey of Bulls vs Bears is already starting to crack, the VIX is showing more fear so the trend is moving towerds a conclusion. We are not there yet. Up until know I fealt your views were very inteligent, however I dont get the hostility and inflexibility. In my opinion a PERMA bear is just as bad as a perma Bull. As bearish as LG can be he admits he is wrong when the game changes. I will go long when the VIX,put call hint there is substantial fear and I see strong volume ralies take us throgh 3840.
P.S. anytime you wont to debate TA, fundimentals, or Art History or anything else I will be glad to. Howerer do me a favor and have a litlle Class and not insult anyone who stands in the path of your views. You have no right putting yourself in the same light as LG because he does not act disrespectfully, or insult others. He proves his point. If you think I am wrong lets debate. The insults I can do without
Regards MM |
